Digital Transactions Authoritative, insightful and timely information for payments professionals
Now that New Jersey has become the third state to legalize online gambling, the market for the first time in years has begun to offer possibilities to acquirers as a promising new source of transaction volume. But questions remain about how and how soon the new state laws will be …
Read More »MasterCard Starts Rollout for MasterPass, Its Open Digital-Wallet Platform
Nine months after unveiling its digital-wallet strategy, MasterCard Inc. on Monday announced the start of that strategy’s implementation. Known as MasterPass, the new wallet platform enables mobile payments by consumers using either near-field communication (NFC) technology or quick-response (QR) codes to trigger links between handsets and merchant terminals. Wallets based …
Read More »Security Firms Start to Respond to Online Fraud Fears Triggered by Arrival of Chip Cards
With the United States playing catch-up with Canada and much of Europe in deploying chip card technology, security firms are starting to respond to online operators’ fears that the arrival of chips at the point of sale will drive fraud to the Internet. One of the latest of these …
Read More »Cold Comfort in Reduced Phishing Activity, Warns Anti-Phishing Working Group
n The report, which covers the third quarter of last year, documents a steady decline in both the number of unique sites hosting phishing attacks and the volume of reported attacks. The number of phishing sites detected by the APWG fell in step-like fashion from 63,253 in April to …
Read More »A Startup Emerges to Replace Passwords With a Wide Menu of Alternative Identifiers
Aiming to resolve a vexing security problem presented by user names and passwords, Palo Alto, Calif.-based startup Nok Nok Labs launched on Tuesday with $15 million in financing. Next month, Nok Nok will start shipping software that will allow users of PCs and mobile devices to identify themselves to …
Read More »Criminals Are Increasingly Targeting E-Commerce And Mobile Devices, Study Finds
Fraudsters are turning their attention to e-commerce sites, continuing to improve the malware they use to find and harvest payment card data, and sensing opportunity in mobile devices, according to the latest annual data-breach report by Trustwave Holdings Inc. Chicago-based Trustwave, a leading data-forensics investigator and security vendor, based …
Read More »FIS Enters Real-Time Person-to-Person Payments Arena with People Pay Service
Fidelity National Information Services Inc. (FIS) on Monday rolled out its entry in the person-to-person payments sweepstakes and, as with other providers in recent months, its service offers real-time settlement. Indeed, People Pay—the name FIS has given its new P2P service—is built on the PayNet network the company introduced …
Read More »Casting a Shadow on Social Commerce, Payvment Shuts Down, Sells Itself to Intuit
Intuit Inc. on Monday acquired the assets of Palo Alto, Calif.-based Payvment Inc., a 3-year-old vendor of shopping-cart and payment tools for merchants operating on social networks. Terms of the deal, which capped a series of developments that for some observers cast doubt on the market for so-called social …
Read More »PayPal Says Discover Deal ‘on Track,’ Gets Set to Promote POS Service to Consumers
A buoyant John Donahoe, chief executive of eBay Inc., said on Wednesday that PayPal Inc.’s launch on the Discover Network is “on track” to begin toward the end of the second quarter. A key part of eBay unit PayPal’s strategy to bring its payment service to the physical point of …
Read More »Seeking Rapid Expansion in Growing E-Gift Card Market, InComm Snaps up Giftango
Atlanta-based InComm, a major provider of plastic gift card programs, will be gaining a bigger presence in the growing digital card market through its acquisition announced on Wednesday of Portland, Ore.-based Giftango Corp. Although both companies are involved in managing plastic and digital gift card programs for retailers, InComm had …
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